DALLAS, Aug. 19,
2022 /PRNewswire/ -- Marine Petroleum Trust (NASDAQ:
MARPS) ("Marine") today declared a quarterly cash distribution to
the holders of its units of beneficial interest of $0.261822 per unit, payable on September 28, 2022, to unitholders of record on
August 31, 2022. Marine's 2021 tax
information, cash distribution history, current and prior year
financial reports, a link to filings made with the Securities and
Exchange Commission and more can be found on its website at
http://www.marps-marine.com/. Additionally, printed reports
can be requested and are mailed free of charge.
This distribution of $0.261822 per
unit is higher than the $0.197500 per
unit distributed last quarter, as the volumes produced of and price
realized on both oil and natural gas included in this distribution
increased this quarter. This distribution is higher than the
$0.064312 per unit distributed in the
comparable quarter in 2021. As compared to the comparable quarter
in 2021, the volumes of both oil and natural gas produced and
included in the current distribution and the price realized for
both oil and natural gas have increased.
Marine's distributions to unitholders are determined by
royalties received up to the date the distribution amount is
declared. In general, Marine receives royalties two months after
oil production and three months after natural gas production.
Contact:
|
Ron E.
Hooper
|
|
SVP, Royalty Trust
Services
|
|
Simmons Bank,
Trustee
|
|
Toll Free –
1.855.588-7839
|
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SOURCE Marine Petroleum Trust